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Singapore-Based SDAX Gets Approval For Digital Asset Operations

Singapore-based Digiassets Exchange (SDAX) is now prepared to launch digital assets exchange operations. On the 1st of February, SDAX announced it had received in-principle approval from the Monetary Authority of Singapore (MAS) for its Recognized Market Operator license.  

According to SDAX, the new exchange is designed to “simplify and speed up” traditional exchanges. With the new trading platform by SDAX, users can now secure funds and trade fractionalized and digitized assets like real estate.

The trading platform also ensures a high level of security as users would need to meet the know-your-customer (KYC) and anti-money laundering (AML) standards before accessing the platform.

SDAX is backed by a skilled team consisting of a board of directors and an advisory panel. SDAX Chairman Khoo Boon Hui said: 

Image Credits: Pixabay

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